Parliament passes Mines and Minerals Amendment Bill, 2016

Posted on:04 May 2016 11:53:14

Parliament passes Mines and Minerals Amendment Bill, 2016
04 May 2016 Current Affairs: Parliament has passed Mines and Minerals (Development and Regulation) Amendment Bill, 2016. The Bill amends the Mines and Minerals (Development and Regulation) Act, 1957. The amendment Bill was first passed in the Lok Sabha in March 2016 and later in the Rajya Sabha in May 2016. Key facts Transfer of mining leases: The Bill provides for transfer of mining leases, which have been granted through procedures other than auction and where minerals are used for captive purpose. This provision will allow for merger and acquisition of companies with captive mining leases.

Leased area: The also bill adds the definition of leased area as the area within which mining operations can be undertaken. This will also include the non-mineralised area required and approved for the activities defined under Mines Act 1952.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

27 MAY
NEWS
26 MAY
NEWS
25 MAY
NEWS
24 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS